SME law to yield 19 billion USD in taxes Business

SME law to yield 19 billion USD in taxes

The law to support small and medium – sized enterprises (SMEs) will help generate over 19 billion USD in taxes, according to an impact assessment by economic expert Le Duy Binh.

Rubber industry needs to improve competitiveness

Vietnam ranked the world's third largest natural rubber producer and the fourth largest exporter following Thailand , Indonesia and Malaysia in 2013. Currently, when the rubber supply exceeds the demand, Vietnam needs to enhance the competitive edge to be able to maintain its rank in the global market, the Vietnam Business Forum Magazine (VBF) reported.

MPI expert discusses IP, EZ development

Vietnamese Government is keen on developing Industrial Parks and Economic Zones in the central coastal region, Tran Duy Dong, Deputy Director of Economic Zone Management Department under the Ministry of Planning and Investment, said in his talk with the Vietnam Investment Review recently.

Vietnam expects to home 5,000 S&T enterprises by 2020

The initially small number of science and technology enterprises (S&T enterprises) have laid first foundations for the formation of a new technology enterprise culture in Vietnam, the Vietnam Investment Review reported.

Social enterprises need legal status to succeed

The Government should provide incentives and a legal framework for social enterprises as many have not been recognised officially and established or restructured from old non-governmental organisations, said speakers at a recent forum in Ho Chi Minh City.

PM approves 10-year tax reform strategy

Prime Minister Nguyen Tan Dung has approved a 10-year tax reform strategy for 2011-20 in order to meet the needs of the market economy while enhancing revenues sources, increasing production capacity, and sharpening the competitiveness of domestic enterprises.